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Affluent Christian Investor | August 18, 2017

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Posts ByRoger McKinney, Author at Affluent Christian Investor

August 8, 2017 |

Zuckerberg – Embarrassed by Riches

Mark Zuckerberg, the founder of , attracted a lot of attention with hiscommencement speech last May at Harvard, the school he dropped out of. He started off with some good advice to the graduates:

Now it’s our turn to … Read More

August 3, 2017 |

Macronomics Will Not Save France

Anatole Kaletsky wrote in “A ‘Macroneconomic’ Revolution?” that the new French President has figured out the golden mean of economic policy that will lead France out of the swamp of despair into which its economy has sunk for a decade.

Read More

July 18, 2017 |

Macron Tries Extortion on Merkel

French President Emmanuel Macron pressured German Chancellor Angela Merkel recently to bail out the failed southern conference of the Big EZ. According to a Dow Jones Newswires report,

“The French leader said the eurozone has deepened disparities, loading indebted nations … Read More

July 17, 2017 |

OECD Wants Every Nation to be Greece

Greece’s financial troubles have slipped from the headlines lately, but the financial apocalypse that began there with the Great Recession continues. Now the Organization for Economic Cooperation and Development has made it clear it wants the rest of the developed … Read More

July 10, 2017 |

Seattle Proves Economics is not Physics

The ongoing fight about min wage in Seattle magnifies some of the things wrong with mainstream economics. In 2014 the city council voted to phase in a $15 wage over the next few years and in 2015 increased the wage … Read More

June 30, 2017 |

Christian Laissez-Faire Built This Country

I have been looking for an economics text book for non-majors for years and finally found it in Francis Wayland’s Elements of Political Economy – published in 1837. It’s shocking how little good economics has changed in almost 200 years. … Read More

June 27, 2017 |

PhD’s and Computers Explain Market Volatility Since 1980

Richard Bookstaber’s 2007 work, A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation, examines the huge increase in stock and bond market volatility since 1980. He notes that GDP volatility has shrunk while … Read More

June 15, 2017 |

The Real Cause of Trade Deficits

At the recent summit held in Europe of the seven richest countries, the G-7, President Trump trashed the German trade surplus, “The Germans are bad, very bad. Look at the millions of cars that they’re selling in the USA. Horrible. … Read More

June 7, 2017 |

D-Day Lesson – Decentralize Decision Making

June 6, 1945, Allied forces invaded the Nazi fortress of Europe. Not everyone cheered. General Douglass MacArthur said of the invasion that he would court martial the SOB who had planned it. Of course, he knew well the planner. … Read More

June 6, 2017 |

We Are All Socialists Now – Review of Demons of Democracy

If the US has as tolerant society as it advertises, then why did the mainstream media attack North Carolinians so viciously when they voted to keep traditional bathrooms? And why do bakers go to jail for refusing to crown a … Read More

June 5, 2017 |

Elon Musk, Socialist

I’m sure Elon Musk would be highly offended to know that he is a promoter of Marxism. After all, look at the number of businesses he has started. But he has admitted he only started those companies to promote change … Read More

May 18, 2017 |

Investing Tips From Socialist Soros

Even though George Soros is a devout socialist, he knows something about investing. He writes about a typical cycle in the stock market in his book The Crisis of Global Capitalism. He calls his theory “reflexivity,” but the general … Read More

May 11, 2017 |

Creative Destruction Becoming Less Destructive and Less Creative

Investors should worry about productivity growth of the firms they invest in because it is one of the major determinants of profits and market share. Innovation should drive old technology firms out of business and improve productivity but that … Read More

May 10, 2017 |

Mamas, Don’t Let Your Babies Turn Out to Be Mainstream Economists

The credibility of mainstream economics took a punishing punch from the Great Recession that hit in 2008. It should have been a fatal blow, but the profession had made itself nearly impervious to the effects of empirical data. The field … Read More

May 1, 2017 |

Morgan Stanley Says Ride the Raging Bull

Morgan Stanley’s analysts suggest running with the bulls this week. They recently announced that they expect the S&P 500 to rise 15% in the next twelve months and possibly to reach 3,000, a gain of 27.4%. They wrote,

Although optimism … Read More

April 28, 2017 |

Brick and Mortar Retail is Falling Down

Brick and mortar retail is dying according to many reports. Here’s an example:

American retailers are closing stores at the fastest pace ever.

Roughly 10% of mall retail space – or 1 billion square feet – is on the … Read More

April 10, 2017 |

Shrinking Credit, Not a Good Sign for Business

Most business cycle models include the money supply as a leading indicator of the economy, meaning that changes in the money supply tend to precede and signal changes in the economy in the near future. The money supply year-to-year … Read More

March 22, 2017 |

Why Anti-Cash Economics Takes Your Wealth

Keeping your hard-earned wealth is hard. The state wants most of it in taxes. A couple of weeks ago I explained how socialists use randomness to steal your wealth. Now economists want to use a cashless society to take it.

Read More

March 16, 2017 |

New Book: God is a Capitalist

In his book, Jesus in Beijing, author David Aikman describes a lecture that he attended in Beijing in 2002. The speaker, a scholar from one of China’s premier academic research institutes, the Chinese Academy of Social Sciences, said the … Read More

March 15, 2017 |

Big Business and Socialist Symbiosis

Jason Zweig, who writes the Intelligent Investor column for the Wall Street Journal, posted recently about “Disturbing New Facts about American Capitalism.” He wrote:

“Modern capitalism is built on the idea that as companies get big, they become fat … Read More

March 8, 2017 |

The Idol of Randomness Wants to Steal Your Wealth

 

If you’re reading this post, I assume you have built some wealth and are wondering how to keep it and possibly make it grow. You should know that many people claim you have no right to that wealth … Read More

February 28, 2017 |

Trump Channels Hoover’s Economic Strategies

President Trump has saved dozens of US jobs from moving to other countries, mostly Mexico, by employing the shock and awe of a personal phone call to CEOs. Had he made the same visits before he became president he … Read More

February 23, 2017 |

Stop Comparing Your Investment to the S&P

In Financial Bull Riding I wrote that annual percentage returns is the wrong measure of investment performance. The better metric is absolute dollar return. Naive investors, and most financial journalists, assume the two will produce the same results, but they … Read More

February 8, 2017 |

Interest Rates Have Fallen and Can’t Get Up

Some of us suffer from Fed head: we have allowed anger at the Fed to infect our brains to the point that we blame it for everything from flat tires to broken bed springs. George Selgin, an Austrian friendly economist … Read More

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